Written by Isabella Nicholls
Ward Goodman
May 20, 2025
Halifax, the UK’s biggest mortgage lender, has just rolled out a new remortgage offer – and on the surface, it looks like one of the cheapest deals around right now. But there are a few strings attached. It’s not open to everyone and can only be accessed through whole-of-market brokers like us at Ward Goodman.
We’re able to offer deals like this that you won’t find going direct to the lender. And more importantly, we help you figure out if it actually makes sense for your situation – not just if it looks good on paper.
Halifax Remortgage Offer Key Features:
- Only through intermediaries – You won’t find this on a comparison site. It is only available to intermediaries such as Ward Goodman.
- Headline rate – One of the lowest currently available.
- Loan range – Applies to mortgages between £250,000 and £2 million.
- Fee – A substantial £1,999 up front (more than double what many other lenders are charging).
Compared to Others:
Take Barclays, for instance – they’re offering a 3.95% rate on loans from £100,000 with a far lower fee of just £995.
What It Actually Costs:
That low Halifax rate might catch your eye, but when you factor in the fee, the deal starts to look a bit different. Spread over a two-year fix, that £1,999 adds roughly £83 a month to your repayments. That’s why looking beyond the rate is essential – and exactly what we help our clients do.
What’s Happening in the Market?
- Rates are slipping down – Sub-4% deals are becoming available, especially if you’ve got plenty of equity.
- Shorter fixes are cheaper – Two-year deals tend to offer better rates than five-year options right now.
- Big-picture economics – Global events (like tariff threats from US President, Donald Trump) could put pressure on growth, which might push interest rates even lower.
What This Means for Borrowers
Why It Pays to Use a Whole-of-Market Mortgage Adviser
When you work with an adviser like us – someone who can access the entire market – you get more than just a list of deals. You get:
- Honest comparisons of what’s really out there
- Advice personalised to your goals and plans
- A clearer picture of total costs – including fees, flexibility, and exit charges
- Access to deals not available direct
In short, we help you avoid costly surprises later.
This Halifax deal could be great… for the right borrower. It’s aimed at those with bigger loans, who don’t mind the high fee and can tick all the lender’s boxes. But for plenty of people, it might not stack up once the numbers are crunched.
At Ward Goodman, our job is to help you work through all of that. Whether it’s this Halifax remortgage deal or something else entirely, we’ll show you what fits best based on your circumstances – not just the marketing headline.
Speak to an Expert
Thinking about remortgaging? Want to know what deals are right for you? Give Adrian Seager a call on 01202 875900. He’s our in-house mortgage specialist and is fully authorised by the FCA (No. 221867).
We offer independent, whole-of-market mortgage advice. That means no bias, and no upselling – just honest guidance to help you make a smart choice.
** Your home may be repossessed if you do not keep up repayments on your mortgage.
